Building on Minister Palma's recent confirmation of progress, the Colombian government will reduce regular gasoline by 300 pesos per gallon from February 1, 2026. Finance Minister Germán Ávila confirmed the move closes the Fuel Prices Stabilization Fund (FEPC) gap with international prices, easing consumer costs.
The announcement from the Ministries of Mines and Energy and Finance follows President Petro's push and Palma's update on FEPC stabilization. The 300-peso cut for regular gasoline, effective February 1, stems from settling FEPC deficits, including 72 trillion pesos owed to Ecopetrol.
Ávila told Caracol Radio: “With the president and Ecopetrol's directors, we reviewed the reduction. The international-internal price gap has closed via FEPC transfers, allowing a $300 adjustment.” The FEPC gap shrank from 26.3 trillion pesos in 2023 to 7.2 trillion in 2025 (0.4% of GDP).
Current national average: 16,057 pesos/gallon, ranging from 16,591 in Villavicencio to 14,227 in Pasto. Post-cut: ~15,757 pesos. Mines Minister Palma noted a gradual, technical process with Finance to safeguard finances and purchasing power. Analyst Sergio Cabrales (Universidad de los Andes) said internal prices exceeded international since June 2023, aiding FEPC contributions. Diesel subsidies persist at 363 billion pesos/month, focused on public transport.
Petro ties this to minimum wage hikes for anti-inflationary relief, hinting at up to 3,000 pesos more cuts ahead.
